OZK FY 2010 Earnings Report — Bank OZK Revenue & Financial Results | Market Cap Arena

FY 2010 Earnings

Reported March 10, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$188M	—	$217M	—	-13.2%
Op. Income	$91M	—	$56M	—	61.8%
Gross Margin	73.3%	—	57.4%	—	15.9pp
Net Margin	34.0%	—	19.9%	—	14.1pp
EPS (Diluted)	$0.94	—	$0.55	—	70.9%
Free Cash Flow	$24M	—	$39M	—	-38.0%

Revenue Flow

Item	Amount
REVENUE	$188M
Cost of Revenue	$50M
GROSS PROFIT	$138M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$49M
SG&A Expenses	$51M
Other Expenses	-$3M
Operating Expenses	$48M
Cost & Expenses	$98M
OPERATING INCOME	$91M
Interest Income	$158M
Interest Expense	$34M
Other Income/Expenses	$0
INCOME BEFORE TAX	$91M
Income Tax Expense	$27M
Net Income from Continuing Ops	$64M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$64M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$64M
D&A	$5M
EBIT	$91M
EBITDA	$95M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$188M
Cost of Revenue	$50M
GROSS PROFIT	$138M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$49M
SG&A Expenses	$51M
Other Expenses	-$3M
Operating Expenses	$48M
Cost & Expenses	$98M
OPERATING INCOME	$91M
Interest Income	$158M
Interest Expense	$34M
Other Income/Expenses	$0
INCOME BEFORE TAX	$91M
Income Tax Expense	$27M
Net Income from Continuing Ops	$64M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$64M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$64M
D&A	$5M
EBIT	$91M
EBITDA	$95M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$64M
Depreciation & Amortization	$5M
Stock-Based Compensation	$833.0K
Deferred Income Tax	$8M
Other Non-Cash Items	-$46M
Change in Working Capital	$9M
OPERATING CASH FLOW	$41M
Capital Expenditure	-$17M
Acquisitions (Net)	$201M
Purchases of Investments	-$126M
Sales/Maturities of Investments	$315M
Other Investing Activities	$118M
NET CASH FROM INVESTING	$492M
Net Debt Issuance	-$114M
Common Stock Repurchased	$0
Common Dividends Paid	-$10M
Other Financing Activities	-$441M
NET CASH FROM FINANCING	-$562M
FREE CASH FLOW	$24M
Net Change in Cash	-$29M

Balance Sheet

Item	Amount
Cash & Equivalents	$49M
Short-Term Investments	$0
Net Receivables	$167M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$216M
PP&E (Net)	$170M
Goodwill	$0
Intangible Assets	$8M
Long-Term Investments	$2.7B
Tax Assets	$0
Other Non-Current Assets	$167M
TOTAL NON-CURRENT ASSETS	$3.1B
TOTAL ASSETS	$3.3B
Account Payables	$0
Short-Term Debt	$43M
Deferred Revenue	$0
Other Current Liabilities	$2.5B
TOTAL CURRENT LIABILITIES	$2.6B
Long-Term Debt	$347M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$19M
TOTAL NON-CURRENT LIABILITIES	$366M
TOTAL LIABILITIES	$2.9B
Common Stock	$170.0K
Additional Paid-In Capital	$45M
Retained Earnings	$275M
Treasury Stock	$0
Accum. Other Comp. Income	-$167.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$320M
Minority Interest	$3M
TOTAL EQUITY	$324M
TOTAL LIABILITIES & EQUITY	$3.3B
Total Debt	$390M
Net Debt	$341M